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According to statistics, Ethereum network transaction fees have dropped by 35% from the transfer fees recorded 7 days ago. At the time of writing, the average fee for transactions with Ethereum is 0.0099 ETH or $30.85 to $33.04 per transfer. The cheapest Layer 2 (L2) method to transfer ether on Wednesday was $0.25 per transaction using Polygon Hermez.
It’s cheaper to move Ethereum today, and the network still has higher transfer fees than most blockchain networks
Although data transfer fees on the Ethereum network have dropped by 35% over the past week, the fees are still much higher than most smart contract networks. seven days ago, Ethereum The fee per transfer is $51.24, and today, the metrics show how much it costs $30.85 arrive $33.04 gas per transfer. Fee data only considers mobile Ethereum (Ethereum) because interacting with smart contracts to move ERC20 or exchange tokens is more expensive.
The average transaction fee on the Ethereum network is the highest fee paid to miners.The median transaction fee recorded on Wednesday was lower, with l2fees.info indicating that the median fee was around $6.82 per transfer.
Although the statistics come from bitinfocharts.com The average gas fee is shown to be 0.0047 ETH or $14.78 per transfer. Metrics recording mid-scale Ethereum gas fees on January 10, 2022, show that the fee used to be $29 per transfer.
Ethereum miner rewards are 14% higher than Bitcoin’s daily rewards, Polygon Hermez is the cheapest L2 way to move Ethereum today
Data shows that while Ethereum network fees are cheaper, the blockchain still charges more per day. index On the Jan. 19 show, the Bitcoin network earned $76.3 million in miner rewards over the past 24 hours, while Ethereum earned $87.1 billion.
As of this writing, Current average cost mobile bitcoin (bitcoin) is approximately 0.0000001 or 0.000035 per byte bitcoin Or $1.50 per transfer. bitcoinof Moderate network charges below 0.0000078 bitcoin Or $0.328 per trade on Wednesday.
L2fees.info noted that moving Ethereum-based tokens cost $15.60 per transaction on Wednesday, while swapping tokens cost $34.11 per transaction.cheapest way to transfer money Ethereum According to l2fees.info, using Polygon Hermez is $0.25 per transfer through L2 Solutions. Polygon Hermez transfer fees are followed by Zsync ($0.30), Loopring ($0.32), Optimism ($1.42), Arbitrum ($2.14) and Boba Network ($2.38).
What do you think of the current fee rate for moving Ethereum on Wednesday? Let us know what you think about this topic in the comments section below.
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